0001209191-14-040655.txt : 20140624 0001209191-14-040655.hdr.sgml : 20140624 20140611180939 ACCESSION NUMBER: 0001209191-14-040655 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20140609 FILED AS OF DATE: 20140611 DATE AS OF CHANGE: 20140611 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Benefitfocus,Inc. CENTRAL INDEX KEY: 0001576169 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 462346314 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 100 BENEFITFOCUS WAY CITY: CHARLESTON STATE: SC ZIP: 29492 BUSINESS PHONE: 843-849-7476 MAIL ADDRESS: STREET 1: 100 BENEFITFOCUS WAY CITY: CHARLESTON STATE: SC ZIP: 29492 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Howell Andrew L CENTRAL INDEX KEY: 0001294986 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36061 FILM NUMBER: 14905630 MAIL ADDRESS: STREET 1: BLACKBAUD INC STREET 2: 2000 DANIEL ISLAND DRIVE CITY: CHARLESTON STATE: SC ZIP: 29492 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2014-06-09 0 0001576169 Benefitfocus,Inc. BNFT 0001294986 Howell Andrew L 100 BENEFITFOCUS WAY CHARLESTON SC 29492 0 1 0 0 Chief Operating Officer Common Stock 2014-06-09 4 M 0 7163 5.38 A 101552 D Common Stock 2014-06-09 4 S 0 7163 40.287 D 94389 D Common Stock 2014-06-10 4 M 0 2725 5.38 A 97114 D Common Stock 2014-06-10 4 S 0 2725 40.131 D 94389 D Common Stock 2014-06-10 4 M 0 25000 3.14 A 119389 D Common Stock 2014-06-10 4 M 0 21902 3.80 A 141291 D Stock Option (Right to Buy) 5.38 2014-06-09 4 M 0 7163 0.00 D 2020-06-30 Common Stock 7163 67837 D Stock Option (Right to Buy) 5.38 2014-06-10 4 M 0 2725 0.00 D 2020-06-30 Common Stock 2725 65112 D Stock Option (Right to Buy) 3.14 2014-06-10 4 M 0 25000 0.00 D 2018-02-01 Common Stock 25000 0 D Stock Option (Right to Buy) 3.80 2014-06-10 4 M 0 21902 0.00 D 2019-06-30 Common Stock 21902 3098 D Stock Option (Right to Buy) 10.30 2022-09-30 Common Stock 22667 22667 D Stock Option (Right to Buy) 13.53 2023-05-07 Common Stock 51461 51461 D This exercise and sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 19, 2014. This transaction was executed in multiple trades at prices ranging from $40.00 to $40.75. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected. This transaction was executed in multiple trades at prices ranging from $40.00 to $40.245. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected. This option was granted on July 1, 2010 and vests over a four-year period with one-fourth (1/4) of the option granted vesting on July 1, 2011, the first anniversary of the vesting commencement date, and the balance of the option granted vesting ratably on a monthly basis over the following 36 months. This option is fully vested. This option was granted on October 1, 2012 and vests over a four-year period with one-fourth (1/4) of the option granted vesting on October 1, 2013, the first anniversary of the vesting commencement date, and the balance of the option granted vesting ratably on a monthly basis over the following 36 months. This option was granted on May 8, 2013 and vests over a four-year period with one-fourth (1/4) of the option granted vesting on May 8, 2014, the first anniversary of the vesting commencement date, and the balance of the option granted vesting ratably on a monthly basis over the following 36 months. /s/ Donald R. Reynolds, Attorney-in-Fact 2014-06-11